The bill faces several more hurdles before it becomes law, but proponents are optimistic. Once the bill passes, it will open up vast opportunities for businesses in the cannabis industry. But with that opportunity comes risk.

Applicants for licensees would be subject to a thorough approval process that includes background checks, residency requirements, and other requirements. Once licensed, businesses would be required to meet strict regulatory requirements.

The prospect of navigating such regulations at the state level can be daunting. The federal government’s classification of marijuana as a Schedule 1 Controlled Substance further complicates the task. And the unique challenges posed by federal taxation of cannabis business adds yet another layer of uncertainty.

Preparing to enter the legal cannabis business in New Jersey requires meticulous planning and an understanding of the challenges presented by this new and quickly changing industry.

Robert W. Ratish practices business law in New Jersey and is a member of the New Jersey State Bar Association Cannabis Law Committee. To schedule a consultation, call 973-415-6400.

Cannabis is classified as a Schedule 1 controlled substance under the federal Controlled Substances Act. Although the sale and use of cannabis may be legal in some states, it is currently illegal in New Jersey and under federal law. The Law Office of Robert W. Ratish works with clients to understand current and proposed state regulation of the sale of cannabis with the understanding that any such sale or use remains illegal under federal law.

I highly recommend this practice. My case and options were explained accurately and in a manner which I could understand. My questions throughout my case were answered in a timely manner which I really appreciated. Thank you once again Mr. Ratish. Sincerely, M. Cabrera

August 6, 2018

Ben W.

Mr. Ratish was a pleasure to work with. He provided all the information about my case in a way that made practical sense which enabled me to feel a sense of control over an already stressful situation. I highly recommend his services.

June 22, 2018

Carl R

Smart business attorney. Reasonable rates. Perfect for my small business.